Australia not quickly recover after the cyclone

Australia send on recovery from floods and cyclones in Queensland, $ 6 billion, said Prime-minister, Anna Bligh, reports Bloomberg. According to her, recovery may take at least two years. Due to the said funds will create jobs and stimulate the regional economy. Before the Office of Natural Resources Queensland said that the damage Australia's coal industry because of the flooding has made 2,3 billion dollars is well known that Australia provides a two-thirds of coking coal, which is available on the world market. With 90% of these volumes is produced in Queensland. Earlier, UBS AG analysts have suggested that because of the rains and floods in the regions of Australia, where an active coal mining, coking coal prices on world markets in the II quarter of 2011 may increase by 20% to $ 250 per ton. Note that in 2008, when there were observed such as rain, coal prices have tripled and reached $ 300 per ton. It also triggered a rise in price of steel. Ministry of Industry